Hungary Balance of Trade

Hungary recorded a trade surplus of 129000 HUF Million in December of 2018. Balance of Trade in Hungary averaged 29758.95 HUF Million from 1988 until 2018, reaching an all time high of 361431.63 HUF Million in June of 2016 and a record low of -246914.83 HUF Million in April of 2004.

Balance of Trade in Hungary is expected to be 40000.00 HUF Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Hungary to stand at 80000.00 in 12 months time. In the long-term, the Hungary Balance of Trade is projected to trend around 50000.00 HUF Million in 2020, according to our econometric models.

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Hungary Balance of Trade

Hungary's main exports are machinery and transport equipment, consumer goods, agricultural products, chemicals, apparel, textiles, iron and steel, and wine. Hungary's major imports are machinery and equipment, other manufactures and fuels and electricity. European Union is by far its largest trading partner, accounting for about 79% of exports and 76% of imports. This page provides - Hungary Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Hungary Balance of Trade - actual data, historical chart and calendar of releases - was last updated on February of 2019.